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What does the economic stimulus package mean for job hunters?
The good news is that a broad range of employment opportunities are expected to open up nationwide, says Joanie Ruge, senior vice president at Adecco North America, a staffing company based in Melville, N.Y. The bad news: It's likely that they won't start opening up until the second half of this year. "Unfortunately, it's going to take some time for us to see the trickle effect," she says. "It's not instant."
The Wall Street Journal spoke to Ms. Ruge about the kinds of new jobs on the horizon and what unemployed professionals can do in the meantime. Edited excerpts follow.
WSJ: Which industries are likely to offer the best career prospects as a result of the stimulus?
Ms. Ruge: The package is going to create jobs in not only manufacturing and construction but also engineering, information technology and health care, so it's going to be pretty widespread. They're probably going to be evenly distributed throughout these industries for workers at all skill levels. Even the infrastructure jobs will create opportunities for all skill sets. For example, in construction, workers will be needed to build bridges, but engineers will also be needed to design them and project managers to oversee those projects.
WSJ: Just how many jobs do you expect to open up?
Ms. Ruge: We estimate about 3.5 million jobs will created but it will be over a period of one to two years.
WSJ: What kinds of career opportunities are currently available?
Ms. Ruge: There are still plenty of jobs out there but most are for the college educated worker. Right now, Adecco has 1,500 positions in the mortgage field that are open. Many are entry-level mortgage processing jobs and some companies provide training. What's happening is interest rates are so low right now that the banks and other loan providers are starting to have a lot of requests for refinancing. We also have over 1,400 positions in engineering and IT, and about 1,000 openings today for finance and accounting jobs, most midlevel positions. Demand is especially strong for IT professionals with government security clearances.
WSJ: Do you have any tips for people who aren't qualified in those areas?
Ms. Ruge: Be flexible and open-minded with industries, location and even compensation. Look for temporary, project-based work by contacting an employment agency like Adecco. These jobs offer excellent opportunities to network and learn a new skill or industry, plus you can still interview for permanent jobs. The stigma used to be that temp work was for administrative assistants and that's not really the case today. Contract employment is for really all people with skill sets and at all career levels, and there are opportunities in all industries and professions.
Add to that get trained in the latest technology fields. All jobs these days have an element of technology in them. It is now more important than ever to update your skills in all areas.
The table below provides a snapshot of expected job growth in some of the related technology fields over the next 12 years.
| Occupation | Salary Range | Expected Growth |
|---|---|---|
| Computer Analyst | $40,000 - $80,000 | 21% |
| Office Computer Technician | $20,000 - $60,000 | 29% |
| Computer System Manager | $50,000 - $120,000 | 19% |
| Computer Repair and Service | $25,000 - $60,000 | 26% |
| Web Research | $20,000 - $100,000 | 17% |
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Special Report - Where are the jobs?In this special report you'll discover an emerging job and career field that is actually benefitting from this global recession. read more |
Special Report - How to thrive in today's economyIn this special report you'll discover How to profit from today’s economic downturn and secure a better financial future. read more |
Selling Your Expertise On-line
Teresa Estes, a licensed mental-health counselor, watched as business at her private practice dwindled last year. Then the single mother turned to her keyboard to boost her income. Ms. Estes applied to become an "expert" on LivePerson Inc., a Web site where clients pay for online chat time with professionals and advisers of all stripes. For $1.89 a minute -- a rate she set -- the 39-year-old from Marianna, Fla., dispenses advice to clients around the globe. She spends about four hours a day logged on to the service, often at night, when her daughter has gone to bed.
It was the economy," she says of her move to take her skills online. "LivePerson is way more lucrative than my private practice." Ms. Estes had charged her private clients up to $75 an hour.
As the recession deepens, a small but growing number of people are taking their skills online, doling out expertise or performing specified tasks for a fee. Labor-at-the-keyboard sites are gaining popularity as people increasingly turn to the Web in search of work. Internet job-search sites saw a 51% rise in traffic from January 2008 to January 2009, according to comScore Media Metrix, to 26.7 million unique visitors.
Among the many fee-for-service Web sites out there, at least three are attracting a significant number of users -- though consumers should exercise a healthy degree of skepticism when consulting any of these sites. LivePerson (www.liveperson.com) seeks out experts on a slew of topics, including mental health, financial services, shopping and fashion, as well as psychics and spiritual advisers. Mechanical Turk (www.mturk.com), a Web service run by Amazon.com Inc., pays workers to perform tasks, such as cataloging products online. Associated Content (www.associatedcontent.com) pays contributors to write articles on a wide range of subjects, from organic flower gardening to how to apply for financial aid.
LivePerson went public in 2001, and the current version of the site was launched in late 2007. Today, the site has 30,000 registered experts, attracting an average of 100,000 people a year who pay for the offered services, says Chief Executive Officer Robert LoCascio. Roughly 3,500 people have made contributing to the site their full-time job, he says.
LivePerson says it vets contributors' qualifications -- such as medical licenses or financial certification -- through a third party, and relies heavily on its community reviews. Some 200 people a day apply to be LivePerson experts, up from 120 a year ago, says Mr. LoCascio. Once cleared, advisers work with clients on a cost-per-minute basis set by the adviser. The site takes a commission of between 30% and 35%.
Associated Content, by contrast, reviews submissions in house and then decides how much to pay for them. The site, which specializes in how-to pieces and feature stories on news topics, had 237,000 registered contributors and more than one million content pieces as of February, both about double from the same month a year ago.
How Do You Begin This Process?
- Determine what areas of expertise you possess.
- Get technology savvy (e.g. The Internet, e-mail, software tools, blogs).
- Develop your marketing plan - there business and marketing plans you get from this website.
- Hang an "e-shingle" - your website or point of presence.